ITECH1400 : Fundamentals of Programming - IT/Computer Science Assignment Help

Assignment Task:

Task:

ASSIGNMENT 2 – MORTGAGE CALCULATOR

Overview In this assignment you will have the opportunity to test your Python skills in developing classes and using matplotlib library. Throughout the assignment you are expected to apply the principles of problem solving that we have already discussed in this course. Timelines and Expectations Percentage Value of Task: 20% Due: Week 11, Fri, 17:00 Minimum time expectation: 20 hours Learning Outcomes Assessed The following course learning outcomes are assessed by completing this assessment: Knowledge:

K1. Identify and use the correct syntax of a common programming language.

K2. Recall and use typical programming constructs to design and implement simple software solutions.

K3. Reproduce and adapt commonly used basic algorithms.

K4. Explain the importance of programming style concepts (documentation, mnemonic names, indentation). S

kills: S2. Write and implement a solution algorithm using basic programming constructs.

S3. Demonstrate debugging and testing skills whilst writing code.

Application of knowledge and skills:

A1. Develop self-reliance and judgement in adapting algorithms to diverse contexts. A2. Design and write program solutions to identified problems using accepted design constructs. CRICOS Provider No. 00103D Page 2 of 6 ASSESSMENT DETAILS 0.

Introduction.

Your assignment is to write a Python program that takes inputs for the Loan Amount, Loan Term and Interest Rate and then calculates and displays values of Weekly (Fortnightly, Monthly) Repayments. Also, the program plots the values of Remaining Principal by years. Explained below is how to calculate these values: First, let’s assume the following notations (in your program, you will input these values from the command line): L – loan amount in AUD. Y – loan term in years. p – interest rate. k – repayment frequency in days (i.e. weekly – 7 days, fortnightly – 14 days, monthly – 30 days). Repayments, P0, are calculated by the following formula: ????????0 = ???????? ? ?1 + ???????? 365? 365????????? ? ?1 + ???????? 365? ???????? − 1 ?1 + ???????? 365? 365????????? − 1 Remaining Principal Balance, Bn, at the end of year n is calculated by the formula: ???????????????? = ???????? ? ?1 + ???????? 365? 365????????? − ????????0 ? ?1 + ???????? 365? 365????????? − 1 ?1 + ???????? 365? ???????? − 1

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